This article talks about how Chinese people regard the inheritance tax. On Sept 27, a Chinese newspaper reported that there would be an important meeting about whether to levy an inheritance tax in November. This news led to a heated discussion in China. According to a vote in Sina Weibo, 69.1 per cent of the people are opposing, 26.9 per cent agree and 4 per cent are neutral. On the basis of this data, it is obvious to conclude that most people in China are against this idea.

Personally, levying an inheritance tax will have a positive effect. Firstly, the distance between the rich and the poor will be shorter. The inheritance tax is the money that is taken from the rich and used to help the poor. This will also be a test for the ethics of rich Chinese people. Secondly, people will have the motivation to buy things because they can pay less tax afterwards. Thirdly, it will be a good chance for the Chinese to change their attitudes toward money. From ancient times, the Chinese people believe money or other assets should all be given to the next generation, and only a small number of people are willing to donate money to improve social welfare. The inheritance tax is a way to promote the assumption of social responsibility.

In general, levying an inheritance tax is beneficial for most people if the government can use the inheritance tax in the right way.

 http://blogs.wsj.com/chinarealtime/2013/10/03/talk-of-inheritance-tax-sparks-debate-in-china/